thomasfar6

ETHEREUM - Cup & Handle Formation.

Long
BITSTAMP:ETHUSD   Ethereum
Ethereum awaiting to break through the handle's support or resistance, keep an eye out and set your stop-losses accordingly. I have my bets on a long position.

Cup & Handle Formation - The cup-and-handle pattern is aptly named because it resembles a teacup with a handle. On a stock chart, the cup appears as "U" shape. The handle appears as if it had the shape of a backslash symbol or "\". The cup and handle is a bullish continuation pattern. It is marked by a consolidation, followed by a breakout.

Good Luck!!
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